The Age of Magic Money
Can Endless Spending Prevent Economic Calamity?
Turkey’s fraught relationship with the United States has been in a downward spiral for years. Divided over an ever-lengthening list of issues, from Turkish President Recep Tayyip Erdogan’s authoritarian turn to the United States’ refusal to extradite a Pennsylvania-based cleric accused of trying to overthrow the Turkish government, the putative allies are increasingly at odds. Yet there is still a widespread belief among U.S. policymakers and national security professionals that despite the superficial hostility, the Turkish national security elite continues to view the United States as an indispensable ally. Ankara cannot secure its national interests without working with the U.S. government, or so the thinking goes.
But since the U.S. invasion of Iraq, which paved the way for a more assertive Kurdish regional government, Turkey has viewed the United States as a destabilizing force in the Middle East. U.S. support for Kurdish militias in